The information contained in this e-mail is not intended to be investment advice and is for educational, illustrative purposes only.

The risk of loss in trading futures, derivatives, options, binaries and Forex can be substantial. You should only risk monies you can afford to lose and consult a financial adviser should you have any doubts. Clients must consider all relevant risk factors, including their own personal financial situations before trading. Past performance is not indicative of future performance. The value of investments can fall as well rise and are not guaranteed.

Trading foreign exchange (FOREX) on margin carries a high level of risk as well as its own unique risk factors. Please read the National Futures Association Understanding the Risks of Trading in the Retail Off- Exchange Foreign Currency Market risk disclosure before considering the trading this product.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN